TETFund Takes Action to Ease Electricity Challenges in Nigerian Universities
The Tertiary Education Trust Fund (TETFund) has raised concerns about the ongoing electricity crisis impacting Nigerian universities, which has been exacerbated by the significant increase in energy tariffs. In response, TETFund’s Executive Secretary, Mr. Sonny Echono, has assured that steps will be taken to alleviate the financial burden on universities.
TETFund’s Plan to Address the Crisis
Supporting Federal Government’s Solar Initiative
TETFund aims to work alongside the federal government’s efforts to install solar energy panels in public tertiary institutions. This initiative is expected to reduce energy costs and improve the academic environment in these universities.
Challenges Faced by Nigerian Universities
Escalating Power Bills
Nigerian universities, especially those in the “Band A” category, face sky-high monthly electricity bills exceeding N300 million. These rising costs are putting a strain on the financial sustainability of these institutions.
TETFund’s Strategic Plans for University Improvement
Enhancing the Learning Environment
TETFund is committed to improving conditions for teaching and learning, upgrading hostel facilities, and fostering research activities. These improvements are aimed at boosting the overall educational experience in Nigerian universities.
Increased Funding to Support Universities
With additional resources at its disposal, TETFund is confident in its capacity to support the growing number of tertiary institutions and enhance the quality of education provided.
Expanding Higher Education Capacity
Meeting the Demand for New Universities
The continuous establishment of new higher institutions by the government raises questions about TETFund’s ability to meet the growing needs of beneficiary institutions. However, with over two million candidates applying for university admission every year, the necessity for expanding access to higher education is clear.
Through addressing the electricity crisis and enhancing the academic environment, TETFund aims to improve the quality of education in Nigerian universities and enhance their global competitiveness.